Derbyshire dealer Mark Campbell Motors, in Draycott Road, Breaston, has ceased trading after almost 20 years in business.
The firm, which sold Korean SsangYong and Chinese Great Wall vehicles, was wound up voluntarily with Christopher Stirland and Nathan Jones, from FRP Advisory in Leicester, appointed as joint liquidators. It ceased trading on July 18, resulting in 10 members of staff, including founder and director Mark Campbell, being made redundant.
Campbell took over the site in 1995, initially selling Proton and then Daihatsu cars. But he told the Derbyshire Telegraph problems started with the beginning of the recession in 2008.
He said: "Daihatsu decided to stop importing cars into the UK because of the weak yen. This left us looking for another franchise, which turned out to be Great Wall and later SsangYong.
"We had a tough start to this year and it came to the point where we just couldn't sustain the losses any more."
Campbell said that his priority was to ensure that his customers did not end up being out of pocket as a result of the company going bust.
A number of customers had service plans.
Campbell said that other garages were keen to take on the service plans.
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